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CMLS Price Correlated With Financials For Cumulus Media

Free historical financial statements for Cumulus Media Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 15 quarters since 2019. Compare with CMLS stock chart to see long term trends.

CMLS Stock Compared to Quarterly

CMLS Income Statement

Revenue, Net:233463000
Revenue Per Share:12.3649
Selling, General & Admin Expense:93200000
Total Operating Expenses:205040000
Operating Income:28423000
Income Taxes:4624000
Net Income:8540000
Earnings Per Share, Basic:0.45
Shares Outstanding, Basic Avg:18881161

CMLS Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:14034000
Change in Accounts Receiveable:467000
Net Cash from Operations:23992000
Net Cash from Operations Per Share:1.2707
Net Cash from Financing Activities:-7678000
Property, Plant & Equipment Purchases:6951000
Net Cash from Investing Activities:-6859000
Net Change in Cash & Equivalents:9455000

CMLS Balance Sheet

Cash and Cash Equivalents:118149000
Accounts Receivable, Net:198448000
Total Current Assets:356701000
Property, Plant & Equipment, Net:185371000
Total Assets:1635306000
Accounts Payable:null
Current Portion of Long-Term Debt:null
Total Short-Term Liabilities:140950000
Long Term Debt, Non-Current Portion:735440000
Total Liabilities:1225430000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Zazove Associates LLC
1,211,259 sh
188,466 sh
18%
$8,515
-$4,081
Eaton Vance Management
1,162,029 sh
-1,549,512 sh
-57%
$8,169
-$12,828
Blackrock Inc.
1,005,067 sh
-111,093 sh
-10%
$7,065
-$1,562
Capital World Investors
779,368 sh
 
$5,479
Standard General L.P.
739,865 sh
-208,476 sh
-22%
$5,201
-$2,130
Vanguard Group Inc
726,088 sh
20,961 sh
3%
$5,104
-$347
Dimensional Fund Advisors LP
659,323 sh
139,208 sh
27%
$4,635
$613
LITTLEJOHN & CO LLC
555,477 sh
-28,211 sh
-5%
$3,905
-$607
Beach Point Capital Management Lp
549,407 sh
-137,691 sh
-20%
$3,862
-$1,449
CARRONADE CAPITAL MANAGEMENT, LP
535,975 sh
40,000 sh
8%
$3,768
-$66
Oak Hill Advisors Lp
531,813 sh
 
$3,739
Bridgeway Capital Management Inc
414,795 sh
-32,693 sh
-7%
$2,916
-$543
Geode Capital Management, LLC
306,119 sh
-148 sh
0%
$2,152
-$215
Federated Hermes, Inc.
233,066 sh
14,360 sh
7%
$1,638
-$52
Acadian Asset Management LLC
206,963 sh
-6,302 sh
-3%
$1,453
-$196
State Street Corp
201,178 sh
15,586 sh
8%
$1,414
-$21
Aqr Capital Management LLC
192,339 sh
158,815 sh
474%
$1,352
$1,093
Northern Trust Corp
158,530 sh
113,975 sh
256%
$1,114
$671
Ancora Advisors, LLC
141,603 sh
-215,580 sh
-60%
$995
-$1,766
Bank Of New York Mellon Corp
101,728 sh
11,822 sh
13%
$715
$20
COMPANY PROFILE
Nature of Business, Basis of Presentation and Summary of Significant Accounting Policies Cumulus Media Inc. (and its consolidated subsidiaries, except as the context may otherwise require, "CUMULUS MEDIA," "we," "us," "our," or the "Company") is a Delaware corporation, organized in 2018, and successor to a Delaware corporation with the same name that was organized in 2002.

Nature of Business

CUMULUS MEDIA is an audio-first media company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 406 owned-and-operated radio stations across 86 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other world-class partners across more than 9,500 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through the CUMULUS Podcast Network, its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees. For more information visit www.cumulusmedia.com.

Basis of Presentation

Our consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States ("GAAP") and include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company has one reportable segment and presents the comparative periods on a consolidated basis to reflect the one reportable segment.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. On an on-going basis, the Company evaluates its estimates, including significant estimates related to bad debts, intangible assets, income taxes, stock-based compensation, contingencies, litigation, valuation assumptions for impairment analysis, certain expense accruals, leases and, if applicable, purchase price allocations. The Company bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances. We assessed these aforementioned estimates and judgments utilizing information reasonably available to us and considering the unknown future impacts of the novel coronavirus disease ("COVID-19") pandemic. The business and economic uncertainty resulting from the COVID-19 pandemic has made such estimates and assumptions more difficult to calculate. While there was not a material impact to our key estimates as of and for the year ended December 31, 2021, our estimates may change based on the magnitude and duration of COVID-19, as well as other factors. Actual amounts and results may differ materially from these estimates.

Comprehensive Income (Loss)

Comprehensive income (loss) includes net income (loss) and certain items that are excluded from net income (loss) and recorded as a separate component of stockholders' equity. During the years ended December 31, 2021 and 2020, the Company had no items of other comprehensive income (loss) and, therefore, comprehensive income (loss) does not differ from reported net income (loss).

Cash and Cash Equivalents

The Company consi

Data imported from Cumulus Media Inc SEC filings. Check original filings before making any investment decision.